FCPT Announces Acquisition of a Drilling Tools International Property for $4.7 Million

7/7/26 5:59:00 PM ET

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Oil and Gas Field Machinery

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Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Drilling Tools International property for $4.7 million. Drilling Tools International (NASDAQ:DTI) is a publicly traded oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. The property is a drilling equipment manufacturing and rental facility located in a strong industrial corridor in Louisiana and corporate-operated under a long-term, triple net lease with approximately 11 years of term remaining. The transaction was priced at a 7.1% cap rate including rent credits received at closing and exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Category: Acquisition

View source version on businesswire.com: https://www.businesswire.com/news/home/20260707577674/en/

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Patrick Wernig, 415-965-8038

CFO

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Recent Analyst Ratings for
$FCPT
$DTI

Company	Date	Price Target	Rating	Analyst
Four Corners Property Trust Inc. $FCPT	7/15/2026	$27.00	Outperform	Huntington
Four Corners Property Trust Inc. $FCPT	4/17/2026	$27.00	Market Perform	BMO Capital Markets
Four Corners Property Trust Inc. $FCPT	3/25/2026	$28.00	Mkt Perform → Mkt Outperform	Citizens
Four Corners Property Trust Inc. $FCPT	9/11/2025	$27.00	Overweight → Equal Weight	Wells Fargo
Four Corners Property Trust Inc. $FCPT	12/17/2024	$31.00	Equal Weight	Barclays
Four Corners Property Trust Inc. $FCPT	11/14/2024	$33.00	Buy	UBS
Four Corners Property Trust Inc. $FCPT	7/8/2024		Mkt Perform	JMP Securities
Drilling Tools International Corporation $DTI	7/1/2024	$8.50	Buy	Alliance Global Partners

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FCPT Announces Acquisition of a Burger King Property for $1.6 Million

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Burger King property for $1.6 million. The property is located in a strong retail corridor in Minnesota and franchisee-operated by Dhanani Group under a triple net lease with approximately six years of term remaining. Dhanani Group is one of the largest restaurant franchise operators in the United States, operating more than 500 Burger King restaurants and over 800 locations across multiple restaurant brands. The transaction was priced at a

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FCPT Announces Acquisition of a Drilling Tools International Property for $4.7 Million

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a Drilling Tools International property for $4.7 million. Drilling Tools International (NASDAQ:DTI) is a publicly traded oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. The property is a drilling equipment manufacturing and rental facility located in a strong industrial corridor in Louisiana and corporate-operated under a long-term, triple

7/7/26 5:59:00 PM ET

Real Estate Investment Trusts

Real Estate

Oil and Gas Field Machinery

Consumer Discretionary